29
See all 29 photos
$280,000
Est. payment /mo
6 Beds
2 Baths
2,798 SqFt
New
2523 Observation San Antonio, TX 78227
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 2,798 sqft
Price per Sqft $100
Subdivision Lackland Terrace
MLS Listing ID 1862242
Style One Story
Bedrooms 6
Full Baths 2
Year Built 1943
Annual Tax Amount $3,399
Lot Size 9,801 Sqft
Property Sub-Type Multi-Family (2-8 Units)
Property Description
This fully renovated duplex offers a prime turnkey investment opportunity in a high-demand rental market, located near Lackland Air Force Base and SeaWorld San Antonio. The property underwent a comprehensive down-to-the-studs rehab in 2023, including a new foundation, new roof, updated PEX plumbing and drain lines, new electrical systems, and new drywall. Every unit features new windows, doors, and modern finishes, offering tenants a high-quality living space with minimal maintenance required. The duplex is currently fully occupied, providing immediate and stable cash flow. Each unit is separately metered for utilities, with tenants responsible for their own utility costs, offering an efficient, low-maintenance ownership structure. Zoned R-6, the property benefits from flexible residential zoning, ensuring long-term value appreciation. Located in a desirable rental corridor with proximity to major employers such as Lackland AFB and SeaWorld, the asset boasts strong tenant demand, ensuring consistent occupancy. With all major systems updated and a fully rehabbed structure, this property is an ideal acquisition for investors seeking reliable cash flow and long-term asset growth.
Location
State TX
County Bexar
Area 0700
Zoning R-6
Interior
Heating Central
Cooling Unit Central
Flooring Laminate
Exterior
Exterior Feature Siding
Garage Spaces 4.0
Roof Type Composition
Building
Sewer City
Water City
Schools
Elementary Schools Westwood Terrace
Middle Schools Jones
High Schools John Jay
School District Northside
Others
Acceptable Financing Conventional, Cash, Investors OK
Listing Terms Conventional, Cash, Investors OK
Listed by Dominique Jimenez • Real Broker, LLC • (210) 800-5525